Right now, the focus of FutureMoneyTrends.com is to make sure all readers are as UPDATED as possible on the Covid-19 pandemic.
Gold’s steady progress towards all-time high prices in 2020 has been paralleled by the progress of a rising star among the junior miners. You need to keep your eye on this one as it could be the most profitable gold market pick I’ll make for the rest of the year.
If you’re looking for leverage to the rising gold price, don’t miss this one. Gold X Mining Corp. (TSX-V: GLDX, OTCQX: GLDXF) has one of the largest advanced development-stage gold deposits in the Americas with 7.35 million ounces measured and indicated. The company’s flagship gold project, Toroparu, is located in Guyana, which is poised to be one of the world’s fastest-growing economies according to the IMF.
Gold X Mining just released a flurry of announcements pertaining to the company’s progress. First, Gran Colombia Gold decided to no longer pursue the acquisition of all of the issued and outstanding common shares of Guyana Goldfields, terminating its proposed three-way merger and plan of arrangement with Gold X Mining.
As CEO Paul Matysek explains, while he saw many synergies in the proposed merger, this will “allow Gold X to pursue other avenues to achieve the value we see in the Toroparu Project. We maintain that there are ample options to develop the Toroparu Project under the most favorable precious metals market in the last 8-10 years.”
This morning, Gold X Mining provided an exciting update on its ongoing licensing activities at Toroparu. As you can see below, the company’s permitting process is making steady progress:
After extensive work over 20 years and USD$150 million invested to discover, develop, and classify its gold resource and complete engineering studies, Gold X exercised its option to purchase a 100% interest in the Toroparu gold project in Guyana in March 2020, giving the company outright control of the project.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
Now, the licensing process for Toroparu has entered the final stage of regulatory review of all documentation under the updated mining license application submitted in October 2019, which paves the way for final approval of the mining license to construct and operate the Toroparu gold mine.
This will yield immense long-term value for shareholders because the mining license will authorize ETK to build and operate a mine over an initial term of 20 years with provisions for extension on the application of ETK. In light of this, Gold X will complete a feasibility study in advance of a production decision for the project.
As more milestones are reached and the company moves quickly towards final mining license approval, Gold X shareholders get to participate in the extraordinary gold market rally that will favor early-movers – as you’ll soon see, great news makes for big moves in Gold X stock.
Best Regards,
James Davis
FutureMoneyTrends.com
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Disclosure/Disclaimer:
This work is based on public filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We have been previously compensated by Gold X, for a ninety day marketing budget of three hundred thousand dollars, paid for directly by the company, this agreement has since expired. Our affiliate company, Gold Standard Media received three hundred thousand dollars for a ninety day digital marketing agreement that includes the letter you’re reading now. We have also purchased shares of the company through a recent private placement. We will never sell any shares or place any trades during active email coverage. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say.
Please review our entire disclaimer at FutureMoneyTrends.com/disclaimer